Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 49.00% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (r_s) is 12%. What is the best estimate of the current stock price?

Select the correct answer.

a. $58.44

b. $60.14

c. $59.29

d. $57.59

e. $60.99